Page 78 - Link Group News Today

The British regulator’s fine is on top of $521 million already ordered to be kept aside, as fallout from a Woodford fund collapse piles up.

Investegate announcements from Actual Experience, Proposed Placing, Subscription and Broker Option

<p><span>Following an announcement made on 21 September by Link Group to the Australian Securities Exchange, the Financial Conduct Authority (FCA) is providing a short update on its proposed enforcement action against Link Fund Solutions Ltd (LFS). </span></p>

The Financial Conduct Authority said Wednesday that Link Group, a financial data services firm, could be liable to pay out up to £356 million ($403 million) in penalties and redress for its role in the collapse of Neil Woodford's flagship equity fund.

Good morning and welcome to your Morning Briefing for Wednesday 21 September 2022. To get this in your inbox every morning click here. Further fine for Link The Financial Conduct Authority has warned Link Group it could be fined £50m for the part it played in the failure of the LF Woodford Equity Income Fund (WEIF).

The regulator today issued Link Fund Solutions with a draft Warning Notice and has given the group the opportunity to respond in the next 14 days.

The FCA has issued Link Fund Solutions with a draft Warning Notice, proposing a £50m penalty fee in addition to its £306m redress payment

The Financial Conduct Authority has warned Link Group it could be fined £50m for the part it played in the failure of the LF Woodford Equity Income Fund (WEIF).

The collapse of the fund in 2019 left more than 300,000 investors with heavy losses

TORONTO — A U.K. regulator has assessed a penalty of 50 million pounds against Link Group, the Australian company that Dye & Durham Ltd. is trying to acquire, raising questions about the future of the deal.